The Aporia
Jiang, E., & Tian, L. (2026, October 16). Hong Kong aims for share of HK$350 billion yacht industry as travel scheme launches. South China Morning Post. https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3371123/hong-kong-aims-share-hk350-billion-yacht-industry-travel-scheme-launches?utm_source=rss_feed
Jiang, Eric, and Lexi Tian. “Hong Kong aims for share of HK$350 billion yacht industry as travel scheme launches.” South China Morning Post, 16 Oct. 2026, https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3371123/hong-kong-aims-share-hk350-billion-yacht-industry-travel-scheme-launches?utm_source=rss_feed.
Jiang, Eric, and Lexi Tian. “Hong Kong aims for share of HK$350 billion yacht industry as travel scheme launches.” South China Morning Post, October 16, 2026. https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3371123/hong-kong-aims-share-hk350-billion-yacht-industry-travel-scheme-launches?utm_source=rss_feed.
Dated from the outlet's own feed. Check the original for its byline.
Hong Kong launched the Southbound Yacht Travel Scheme on October 16, 2026, aiming to capture a share of the global yacht industry valued at HK$350 billion (US$44.6 billion) by 2032. Deputy Financial Secretary Michael Wong Wai-lun stated that Hong Kong can attract a portion of this market through new measures and the scheme's implementation, which allows mainland Chinese vessels to register and sail in Hong Kong waters via the Marine Department’s Electronic Business System. This initiative is part of Hong Kong's broader plan to develop its yacht economy as outlined in its first five-year plan and the latest policy address.